Updates, advisories and surprises

(6:51 PM ET) LOS ANGELES (MarketWatch) -- Nissan Motor Co.(JP:7201)
NSAN
reopened four plants in Japan on Monday and will reopen two others in the U.S. on Tuesday, after closures of up to three days due to a parts shortage, a Nikkei report said Tuesday. The key engine components were supplied by Hitachi Ltd.(JP:6501)
HIT, +1.69%
which said its deliveries were disrupted because of delays from its own chip supplier, STMicroelectronics NV
STM, +0.13%
Nissan, Hitachi and STMicroelectronics are discussing ways to prevent another production disruption, the report said. The affected facilities included Tochigi, Oppama and Kyushu plants in Japan, and plants in Mississippi and Tennessee.

Noble Corp. revenue drops 21% in second quarter

(5:40 PM ET) SAN FRANCISCO (MarketWatch) -- Offshore drilling rig contractor Noble Corp.
NE, -3.55%
late Monday reported second-quarter net income of $218 million, or 85 cents a share, compared with $392 million, or $1.49 a share, in the same period last year. Revenue fell 20.7% to $688 million. Analysts polled by FactSet Research had forecast earnings of $1.10 a share on revenue of $777.34 million. Shares of Noble rose 1.1% to close at $30.68 ahead of the report. Noble is incorporated in Zug, Switzerland but maintains its executive offices in Geneva. [Updates to correct location of executive offices.]

Tupperware second-quarter profit jumps 73%

(5:14 PM ET) SAN FRANCISCO (MarketWatch) -- Tupperware Brands Corp.
TUP, +0.36%
late Monday reported its second-quarter net income rose 73% to $57.9 million, or 90 cents a share, from $33.1 million, or 52 cents, in the same quarter last year. Excluding certain items, the houseware producer would have earned 93 cents a share. Sales rose 8% to $565.1 million from $524.7 million. Analysts had forecast Tupperware to report earnings of 97 cents a share on revenue of $578.6 million, according to a consensus survey by FactSet Research. Tupperware expects third-quarter earnings of 54 cents to 59 cents, excluding certain charges.

Zion Bancorp quarterly loss widens

(4:59 PM ET) SAN FRANCISCO (MarketWatch) -- Zion Bancorporation
ZION, -0.70%
reported late Monday its quarterly net loss applicable to common shareholders widened to $135.2 million, or 84 cents a share, from $23.8 million, or 21 cents, a year ago. Analysts polled by FactSet Research had expected the Salt Lake City-based bank to report a loss of 53 cents a share. Total interest income fell to $583.7 million from $637.7 million a year ago. Zion shares fell nearly 3% to $20.80 in after hours trade.

IBM net rises 9% on slight sales increase

(4:15 PM ET) SAN FRANCISCO (MarketWatch) - International Business Machines Corp.
IBM, +0.64%
said Monday its second-quarter net income rose to $3.4 billion, or $2.61 a share, from $3.1 billion, or $2.32 a share in the same period last year. The Armonk, N.Y.-based IT giant said revenue for the period ended in June rose 2% to $23.7 billion. The company said foreign currency exchange rates reduced its revenue by roughly $500 million in the quarter. Analysts polled by Thomson Reuters had expected IBM to post second-quarter earnings of $2.58 a share, and $24.17 billion in revenue.

TI shares rise almost 3% ahead of earnings

(3:57 PM ET) SAN FRANCISCO (MarketWatch) -- Texas Instruments Inc.
TXN, -0.52%
shares rose 70 cents, or almost 3%, to $25.47 ahead of the chip company's second-quarter earnings results, due after the market close. Analysts surveyed by Thomson Reuters estimate that TI will report a profit of 62 cents a share on $3.52 billion in revenue for its second quarter.

IBM shares up 1.2% ahead of earnings report

(3:55 PM ET) SAN FRANCISCO (MarketWatch) -- Shares of IBM Corp.
IBM, +0.64%
were up 1.2% to $129.59 late Monday afternoon, ahead of the company's second-quarter earnings report. Analysts polled by Thomson Reuters expect IBM to post earnings of $2.58 a share for the quarter ended in June, and $24.2 billion in revenue. That compares with earnings of $2.32 a share, and $23.3 billion in revenue in the comparable period last year.

PetMed Express shares off after earnings report

(11:45 AM ET) NEW YORK (MarketWatch) - PetMed Express Inc.
PETS, -0.24%
shares fell 9.1% in Monday trading. The Pompano Beach, Fla., pet pharmacy reported fiscal first-quarter profit fell 11% to $7.2 million, or 32 cents a share, as sales fell 3.6% to $74.4 million. For the quarter ended June 30, a survey of analysts by FactSet Research produced consensus estimates of 38 cents a share of profit on $81.1 million of sales. PetMed cut back on advertising because TV-ad space at affordable prices was in short supply, President and Chief Executive Menderes Akdag said in a Monday statement. Add to this that consumers were "giving greater consideration to price and reducing their usage," the executive said. (Adds word to complete headline.)

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